Newtown Lane Marketing Incorporated (OTCQB:NTWN) announced a private placement of one convertible promissory note with returning investor Ironbound Partners Fund LLC at $100,000 per note for gross proceeds of $100,000 on May 14, 2013. The note carries a fixed interest rate of 5% per annum and will mature in 2 years. The principal and accrued interest on such note is convertible into shares of common stock.